Clifford Dann says ..

Property Oracle says ..

This property is a 2 bedroom terraced house located on New Road in Lewes, East Sussex. The list price is £425,000. The property is situated in Lewes, a historic market town with a good range of amenities and transport links. Lewes railway station provides regular services to Brighton and London. Several primary and secondary schools are within a reasonable distance, including Lewes Old Grammar School, Southover Cofe Primary School, and Western Road Community Primary School. The town centre, with its shops, restaurants, and other facilities, is also easily accessible. This contributes to a positive location score. Based on the provided images, the property appears to be a period property in need of some modernisation. While it retains some original features, such as the fireplaces and paneling, it shows signs of wear and tear. The kitchen and bathroom appear dated and could benefit from updating. The floors are worn. The overall condition isnt poor, but it’s not in excellent condition either. The garden is small but usable. The average house price in the area is significantly higher (£868,846) than the list price of this property. However, the average size of properties in the area is also considerably larger (1,440 sqft compared to 492.77 sqft). The average price per square foot in the area is £603, while this property’s price per square foot is approximately £862. Considering the property’s condition and smaller size, the list price may be reasonable, although it’s at the higher end of the price range for similar properties in the area. The lack of plot size data makes it difficult to fully assess this aspect.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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